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Dec 28, 2012
12/12
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they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time p
they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking....
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Dec 24, 2012
12/12
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s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday saying he would accept a deal as long as it does not allow taxes to go up on middle class americans, as long as it extends unemployment insurance and lays the groundwork for deficit reduction in the future. so there's sort of scaling back their expectations. house speaker boehner tried to get an alternative bill passed through the house last week. that failed. the focus shifts to the senate. reid and mcconnell will really be charged with trying to hammer out the fine details of that deal that can make it through the senate and through the house so that is the challenge moving forward. of course, pr
s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday...
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Dec 29, 2012
12/12
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KQED
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>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was hopeful and optimistic that they could get a deal that they could pass. the reason that that could happen if mitch mcconnell lets it happen, john boehner may feel no option but to put that on the floor for pass adge whether or not most republicans are for it. that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the f
>> i think there's a chance he will br just right enough to get something done on the fiscal cliff. we saw the president this harch meet with the bipartisan leadership in congress. remember the republicans because of the intransigence we talked about their caucus sought the speaker es plan for a plan b. that weakened the republican negotiating position . and now the president has maximum leverage because the tax cuts are due to expire by the end of the year. mitch mcconnell said he was...
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Dec 24, 2012
12/12
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FBC
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i think it is crystal clear that he wants to go off the fiscal cliff. david: let's be clear about what he has done and wants to do. he increases 25% of the baseline. if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff, have the automatic sequester cuts, take the tax increases, go back to the clinton era rates and that when the economy reacts, as it most certainly will, negatively, then he will blame the republicans for putting us into a recession. david: let's put a fine point on that. what we are suggesting here, they call it an outrageous suggestion, that the president is willing to send this country into a recession to get what he wants. you are really saying that? >> i think that he is willing to gamble. i believe that the president and his advisors have looked at the history of con
i think it is crystal clear that he wants to go off the fiscal cliff. david: let's be clear about what he has done and wants to do. he increases 25% of the baseline. if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff,...
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Jan 1, 2013
01/13
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FOXNEWSW
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how do you feel about us not talking about the fiscal cliff anymore? >> woe, that is great. >> look. look. look how happy they are. >> that is the moment of the night. yes. >> that is what we thought. up next, one of the greatest stories of rock history will play out on our times square stage. >> that is right. we're 22 minutes from the big ball drop. all american new year's eve is become in three minutes, 2013 is that far away. >> hi, i'm in afghanistan and want to say hi to family in new jersey my wife and daughter. happy holidays i'll be home, soon. >> hi. i want say happy holidays to my family and friends in california and hi to my husband, bill, my kids, i love you. i miss you. see you guys soon. >>> i get i'm supposed to be the one wishing you a prosperus new year. more important to me is that it's an enriching year for you. you hug your family closer keep your friends tighter enjoy special moments more. do you that and you have all of that, i guarantee you, it's going to be a priceless new year. make it special. happy new year. >> yeah. we will.
how do you feel about us not talking about the fiscal cliff anymore? >> woe, that is great. >> look. look. look how happy they are. >> that is the moment of the night. yes. >> that is what we thought. up next, one of the greatest stories of rock history will play out on our times square stage. >> that is right. we're 22 minutes from the big ball drop. all american new year's eve is become in three minutes, 2013 is that far away. >> hi, i'm in afghanistan and...
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Dec 30, 2012
12/12
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WUSA
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cliff, and most of the conversation has been about taxes and the white house has done an excellent job, by dealing with the house, and all the messaging today and the weekend about how this is about republican intransigence on taxes. we have seen that. there is as much gap 20 president and his party in congress on spending cuts as there is between john boehner and his caucus on taxes. there is great distance in how far that party has to go to come together to do the kind of entitlement cuts that we still need to see at some time, whether this month or this year or next year. there's a long way to go. they have never been as close as people think on this topic. >> o'donnell: that's interesting, you're saying in terms of messaging the white house has done a good job in keeping this-- >> brilliant. right on taxes. on spending, every time the white house suggested a little bit of spending cuts, social security, med character immediately the democratic caucus said no. >> o'donnell: isn't that the thing about the boehner deal the president said this morning, he was willing to go father on sp
cliff, and most of the conversation has been about taxes and the white house has done an excellent job, by dealing with the house, and all the messaging today and the weekend about how this is about republican intransigence on taxes. we have seen that. there is as much gap 20 president and his party in congress on spending cuts as there is between john boehner and his caucus on taxes. there is great distance in how far that party has to go to come together to do the kind of entitlement cuts...
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Dec 29, 2012
12/12
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MSNBCW
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what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can call it deal and jam. >> i am optimistic that we can reach an greept that can pass both houses in time. senators reed and mcconnell are working on such an agreement as we speak. but, if an agreement is not reached in time, between reed and mcconnell, i will urge senator reed to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike and extends the vital life line of unemployment insurance for two million americans looking for a job and lays the groundwork for more cooperation on deficit reduction and economic growth. guys, i can hea
what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can...
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Dec 24, 2012
12/12
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cliff, would it be your advice to him to try to draft and bring some sort of legislation to the floor that was a bipartisan effort to discuss this? >> well, i mean, i think there's a bigger question to be answered, first, and, i mean, part of the dynamic -- whenever you have something like this occur, it's just so horrific, and it sort of shocks the country. what you unfortunately get sometimes is people pointing at each other to blame each other. it's the right blaming the left for the cultural dynamic, and it's the left blaming the right because of allowing guns to sort of be on the street and so have you this dynamic. ultimately the problem is how do we solve this problem, and i think the dynamic here is also we have to address a really serious problem. that is what do we do with people who are clearly mentally ill that we are aware of that are mentally ill, and you saw this happen with gabby giffords and in terms of columbine. obviously, this incident as well. virginia tech. what do you do when you recognize someone that's got a mental illness problem that could be a threat, and h
cliff, would it be your advice to him to try to draft and bring some sort of legislation to the floor that was a bipartisan effort to discuss this? >> well, i mean, i think there's a bigger question to be answered, first, and, i mean, part of the dynamic -- whenever you have something like this occur, it's just so horrific, and it sort of shocks the country. what you unfortunately get sometimes is people pointing at each other to blame each other. it's the right blaming the left for the...
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Jan 1, 2013
01/13
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CNNW
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cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's going to be, as they say here, they're going to get stuck with this bill and they're not going to have any other choice but to bring it up and probably pass it. >> can we assume, dana, that the senators, maybe even the vice president, will emerge from the meeting that is under way right now and come to the microphones that are near you? >> i would love to say yes, but we're getting some signals from democratic leadership sources that harry reid will probably not come and talk to us. however, i have seen this movie before. we're told that h
cliff deal done if it does in fact get done. and what i mean by that is this -- it was done in the senate, and then it just went over to the house where house republicans were not interested in voting on it, a one-year extension of this at all, but they were sort of forced to do it because of the way the senate acted. it's not unlike what we'll probably see if the senate votes tonight and the house votes tomorrow. republicans in the senate and house are not going to be happy about it, but it's...
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Dec 29, 2012
12/12
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tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a difference,
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that...
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Jan 1, 2013
01/13
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. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time. both parties undoubtedly laying the groundwork for the fiscal cliff showdown that will unfold between its 435 house members. one of those members is democratic congressman from michigan. he's kind enough to join me. thank you for being with us today. first of all, if you could get me up to speed on the decision to make a decision v you heard anything about the possibility there might be a vote today with your members? >> i haven't heard directly. i think there will be. i think the vote last night in the senate set the stage. it was overwhelming. we're going to have a caucus democrats and republicans will
. >>> if bridging the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time....
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Dec 24, 2012
12/12
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MSNBCW
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cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it appeared but that fell apart and talks fell apart. president obama said i will accept a smaller deal as long as it doesn't allow rates for those to go up for those making $250,000 or less. over the weekend you had a few senators, including senator joe lieberman saying they believe now more than ever we may be getting closer to actually going over the fiscal cliff. that is of course hanging over the heads of a lot of americans as they enter this holiday season and also looming over this vacation the presiden
cliff. there have been a few conversations going on at the staff level but really the expectation is that the hard work is going to get done when lawmakers return to washington after the christmas holiday, a little bit later on this week. that's when they're going to resume negotiations in earnest. of course there had been hopes that the president and house speaker john boehner were going to get a deal done. if you looked at the beginning of last week, they were getting close to a deal it...
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rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
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Dec 27, 2012
12/12
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FBC
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talk about what the impact of the fiscal cliff has done to the oil market. take a look at oil prices today. since christmas, we are up about 3%. take a look at the volume. if you look at the volume of trading, and "wall street journal" was onto this first talking about the falloff of volume in november, but it has really continued. take a look at what the normal average volume is and where we are today. by the way, out at the exxon mobil refinery, and caught this caught by the way, is one of the nation's newest refineries. a little news out here as we speak today. they have to report this to the federal government because -- liz: we are having some technical difficulties with jeff flock. working on a solution to the debt crisis. first, some of today's winners, s&p. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open b
talk about what the impact of the fiscal cliff has done to the oil market. take a look at oil prices today. since christmas, we are up about 3%. take a look at the volume. if you look at the volume of trading, and "wall street journal" was onto this first talking about the falloff of volume in november, but it has really continued. take a look at what the normal average volume is and where we are today. by the way, out at the exxon mobil refinery, and caught this caught by the way, is...
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Dec 30, 2012
12/12
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CNNW
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today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to that, they will call that kicking the can down the road, you know what martin, they are absolutely right. once again, we will kick the can down the road, but that's what happens, when you back yourself into a corner, we did this with the debt ceiling, we did this with the government shutdown, the way we do business now, we should get used to it, that's how things are done t is the 11th hour we need an 11th hour deal. 11th hour deals are never particularly good. everybody is going to give something up. i just hope they all prepare to give something up and get a deal. it is not going to be pretty. i will be here t
today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to...
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Dec 31, 2012
12/12
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there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there's three people who are leaving so today being the final day, there are going to be a lot of people saying good-bye to dick lugar, kent conrad, and herb kohl. >> there is a little bit of that going on. it's funny because there were good-bye speeches given before christmas but a lot of those senators are speaking again and so they're certainly milking this for all it's worth because they're here until thursday morning when the new congress begins in the afternoon. >> all right. ed, thanks so much for joining us. still to come, toure's thoughts on this cliff-mas eve. ♪ [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in
there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there's three people who are leaving so today being the final day, there are going to be a lot of people saying...
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Dec 28, 2012
12/12
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FOXNEWSW
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i do begrudge what he's done in this fiscal cliff talks. it's been very clear from the beginning that he had no intention to solve the fiscal issues. he's been using this, and i must say with great skill and ruthless skill and success, to fracture and basically shatter the republican opposition. the only, you know, redoubt of the opposition is the house. and his objective from the very beginning was to break the will of the republicans in the house and to create an internal civil war and he's done that. how did he do it? from also insisting from day one after the election that the republicans had to raise rates. there's no reason at all to get the revenue that he needed and that the speaker was offering him that you had to raise rates. obama himself, as you know, said last july, july, 2011, you can get $1.2 trillion by eliminating loopholes, which is exactly what republicans offered him. so why did he insist on the rates? he said that is what he will insist upon, and that was the ultimatum. he did that because he knew it would create a cris
i do begrudge what he's done in this fiscal cliff talks. it's been very clear from the beginning that he had no intention to solve the fiscal issues. he's been using this, and i must say with great skill and ruthless skill and success, to fracture and basically shatter the republican opposition. the only, you know, redoubt of the opposition is the house. and his objective from the very beginning was to break the will of the republicans in the house and to create an internal civil war and he's...
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Dec 28, 2012
12/12
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KPIX
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cliff deal can get done. the senate majority leader compares the house speaker to a dictator as the house says it will reconvene sunday. will they get back to talks? reports from nancy cordes and major garrett. we're also facing a dairy cliff. john blackstone on why milk may soon double in price. the drilling boom in colorado it's leaving towns flush with cash but what is it leaving behind? ben tracy is there. and dean reynolds on the men who create some of the most precious gifts. all retirees? >> all retirees. and they all get paid the same. >> reporter: nothing. >> nothing. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> glor: good evening, everyone.
cliff deal can get done. the senate majority leader compares the house speaker to a dictator as the house says it will reconvene sunday. will they get back to talks? reports from nancy cordes and major garrett. we're also facing a dairy cliff. john blackstone on why milk may soon double in price. the drilling boom in colorado it's leaving towns flush with cash but what is it leaving behind? ben tracy is there. and dean reynolds on the men who create some of the most precious gifts. all...
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Jan 1, 2013
01/13
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cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told you that was in the room for one of the meetings in the conference, 40 members spoke up, 37 spoke out against the plan, and 3 spoke for it. who are those three? who might they be? and what is the sentiment they have that they're so brave as it sounds to be one of the few? >> reporter: well, with h
cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all...
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Dec 27, 2012
12/12
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CNBC
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any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa'
any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d....
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Dec 31, 2012
12/12
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CSPAN2
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that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague and friend, the senator from connecticut, so like -- you've probably seen these numbers, but just to bring it home in one state, what will be the impact if we go over -- if we allow the country to go over the fiscal cliff. in connecticut, 1.4 million middle-class families will see their federal income taxes increase. almost a million and a half families. if the middle-class tax cuts are allowed to expire on january 1, a median-income connecticut family -- now, i know this -- the median in connecticut is higher than it is in most other states, but this number's true for any family making this amount of money, it makes an important point. a family of four earning $86,000 a year happens to be the immediatmedianfamily income in , but that family, which i think would be considered median just about everywhere, middle income just about everywhere, would see its federal income taxes rise by $2,200. that's a lot of money
that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague and friend, the senator from connecticut, so like -- you've probably seen these numbers, but just to bring it home in one state, what will be the impact if we go over -- if we allow the country to go over the fiscal cliff. in connecticut, 1.4 million middle-class families will see their federal income taxes increase. almost a million and a half...
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Dec 27, 2012
12/12
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FBC
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tonight congress is pushing america up a fiscal cliff of its own making. president obama and the senate back in washington today trying to get some kind of a deal done, that is what they say, but nothing will likely come in time. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confidence has already begun, lots and lots of notices sent out, layoffs scaring people to death. this is not a good news story for anybody looking for a job. gerri: the clock keeps on taking. the cover of "the new york post," pretty amusing. off the fiscal cli
tonight congress is pushing america up a fiscal cliff of its own making. president obama and the senate back in washington today trying to get some kind of a deal done, that is what they say, but nothing will likely come in time. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a...
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how much of what is ultimately able to get done depends on the outcome of this fiscal cliff fight? >> well, i guess the temptation is to say this is going to use up all the energy and fighting spirit of the white house but the president has four years, maybe two, maybe one before the mid terms, one after. i think that there's a legacy situation in play here and so i'm pretty sure that he is going to want to not leave huge debt and there is also a situation where what's good for him is also good in some respects for republicans. so do republicans want immigration reform before the next election? do they want to dig out of the hole they're in with hispanic voters? so there is some mutual interest. i think that gun fight is going to be very difficult but i think that's something that we're going to see, if it doesn't happen this year it may happen the next year or the year after. it is just something that i think the president will want to leave office having achieved. so nothing is going to be easy. we'll have very many brinks, you know, and a lot of fighting over principles which is
how much of what is ultimately able to get done depends on the outcome of this fiscal cliff fight? >> well, i guess the temptation is to say this is going to use up all the energy and fighting spirit of the white house but the president has four years, maybe two, maybe one before the mid terms, one after. i think that there's a legacy situation in play here and so i'm pretty sure that he is going to want to not leave huge debt and there is also a situation where what's good for him is...
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cliff, has a lot of the damage been done, brian? >> i think it has. that's a good point and i think what you need to do is put your trader hat on and say i'm going to trade this for a hope rally, but if you're a longer term investor i would use any type of rally to take any profits that i have because i think a lot of damage has been done over the last year. businesses have been paralyzed and now the consumer has been paralyzed. what advice do you have among people trying to invest amidst this uncertainty. >> i think long term they're much more important for factors at work than what happens with this budget deal. >> thank goodness. >>a you will we would do if we went over the cliff from a tax point of view is install the tax structure from the clinton administration. >> we'll show people right now that you like homebuilders and you like retailers, right? put that up. heebner likes retail, home building, what's the third one? automobiles. >> all early-cycle stocks. i like these stocks because the economy is going to be -- has a mult
cliff, has a lot of the damage been done, brian? >> i think it has. that's a good point and i think what you need to do is put your trader hat on and say i'm going to trade this for a hope rally, but if you're a longer term investor i would use any type of rally to take any profits that i have because i think a lot of damage has been done over the last year. businesses have been paralyzed and now the consumer has been paralyzed. what advice do you have among people trying to invest amidst...
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Dec 27, 2012
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cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the table, allegedly the table, allegedly said you get nothing for free. >> there were a couple of eye-opening quotes. went through the timeline of how went through the timeline of how boehner and the president and that was an big one. boehner print revenues on the table andd the president saying that is what i get out of the gate, you get nothing for that, kind of a bit of a surprise. he also said if we go over the t cliff that threat and boehner, i will use my inaugural address to blame you for tax increases and for the fiscal cliff going o overb
cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax...
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. >> they avoid the fiscal cliff so far but it is far from a done deal in the house. what does it mean for struggling economy? >> up first around the world people are ringing in the new year. in shanghai they set it off with fireworks. a whole lot of them. also a laser light show to showcase tradition and technological advances. celebrations taking part in due by. douche /* lit up the sky and the world's tallest building. byi big ben struck 12 in england as well. next to iran where military drills continue for a fourth straight day. iranian officials say their military tests fired a range of weapons yesterday including the new air defense system seen here. a scary scene in brazil rescue crashes right into the water. this is in rio de janeiro. they managed to make it out okay the swimmer was also saved a surfer. >> wow. >> oo in with the new year out with the old in the big apple. look at times square with the clean upfrom last night's new year's eve if he is tiffities is still underway. 2,000 pounds of confetti blew through the air after the ball dropped that means a
. >> they avoid the fiscal cliff so far but it is far from a done deal in the house. what does it mean for struggling economy? >> up first around the world people are ringing in the new year. in shanghai they set it off with fireworks. a whole lot of them. also a laser light show to showcase tradition and technological advances. celebrations taking part in due by. douche /* lit up the sky and the world's tallest building. byi big ben struck 12 in england as well. next to iran where...
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starbucks brews up a bold campaign to get a deal done on the fiscal cliff. details are coming up next. you can never have too much money and a damn good cup of joe. ♪ . ♪ . adam: not so beautiful if you're caught in a blizzard hitting part of the country but that's another story. time for a little fun with spare change. we are joined today by fox ne contributor julie roginsky and our ownennis kneale. first up, if you love country, i don't know if you guys are starbks people -- >> i am. adam: dennis are you starbucks? too bitter. >> you're too sweet. adam: starbucks wants to send a message to lawmakers, notice i ignored that one. message to lawmakers about the fiscal cliff. they're using coffee cups to do the job. the ceo at starbucks is urging starbucks workers and employees in the washington, d.c. area to write on the cups, come together, come together right now. i guess quoting the beatles. thursday and friday. dennis, what do you think?. >> that should fix it. that's all we needed. either conjures up very old beatles cliche or elusive quest in the bed
starbucks brews up a bold campaign to get a deal done on the fiscal cliff. details are coming up next. you can never have too much money and a damn good cup of joe. ♪ . ♪ . adam: not so beautiful if you're caught in a blizzard hitting part of the country but that's another story. time for a little fun with spare change. we are joined today by fox ne contributor julie roginsky and our ownennis kneale. first up, if you love country, i don't know if you guys are starbks people -- >> i...
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that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major reason why the markets are holding up so well? if you look at the havens, gold, treasuries, for example, the dollar, there's no sign of panic in the haven. >> silver is down. you've seen a little bit of a lift in the vix, closer to 20. that's not bad, a normalization type of thing. treasuries have sold off a little bit. that means the patient is leaving the hospital. the patient was on intensive care earlier in the year back in june. the biggest day of the year was june 19th. that's the day of the second greek election when that guy came in who did not take them out of euro to. meet biggest things that happened this year wer
that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major...
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Dec 31, 2012
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. >>> the clock is ticking toward the showdown on the fiscal cliff. one of the big questions is, what will happen next? shawn tully is here, editor at large for "fortune" magazine, he joins us from new york right now. you have followed most of the major economic stories for more than 20 years now. i'm not trying to make you seem old. sometimes i do, when i say how long i've been doing this. is this the first time you've seen something go this close to the wire? >> i think so, don. and what's really troubling about the debate is really missed by a lot of commentators, this is really a spending issue. we understand that even if taxes go up on individuals making over 200,000 and families making over 250, it only plugs about 8% of the deficit problem over the next ten years. we have a $1.3 trillion deficit for 2012. it will be about a trillion for 2013. we're borrowing 35 cents on the dollar. the enormous problem is interest rates are way below normal, so when they spike, which they inevitably will, and the government is borrowing very short term to keep
. >>> the clock is ticking toward the showdown on the fiscal cliff. one of the big questions is, what will happen next? shawn tully is here, editor at large for "fortune" magazine, he joins us from new york right now. you have followed most of the major economic stories for more than 20 years now. i'm not trying to make you seem old. sometimes i do, when i say how long i've been doing this. is this the first time you've seen something go this close to the wire? >> i...
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Dec 24, 2012
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he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. that would be the step by scratch in transit approach and he is speaking to constituents back home who he hopes will give feedback to members of congress while they are there for the holiday to try to get them to agree or get back to the table to negotiate something. gerri: if it were up to me, i say that they work until they get their work done. thank you so much. have a great holiday. gerri: is back to the negotiating table. but have republicans lost their leverage? americans for tax reform, we have matti doppler. let's start with you. how much time can we spend spinning our wheels today we met nancy pelosi, making
he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. that would be the step by...
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the fiscal cliff. -- senator barbara boxer. >> we can sit here and watch what is happening. we know that there are negotiations going on to avert at least part of the fiscal cliff. i want to say, and i have said this privately and publicly that i really hope our leaders can find a way out of this. i watched the president's speech today and i thought, as usual, he was very fair in what he said. what he basically said it is it is the middle class who grows this economy, the middle class needs to be lifted up, the middle class to cannot afford the tax hikes down those at the very top can give just a little bit more. it is a very simple point. i just would hope, given that everyone says it is not about class, and i know they say that every day on the other side of the aisle. finding this compromise will not be inclusive but will come to pass. . you you know, i have been here for a while. my understanding is we have not met between -- christmas and new years since 1962. it takes something of major proportio
the fiscal cliff. -- senator barbara boxer. >> we can sit here and watch what is happening. we know that there are negotiations going on to avert at least part of the fiscal cliff. i want to say, and i have said this privately and publicly that i really hope our leaders can find a way out of this. i watched the president's speech today and i thought, as usual, he was very fair in what he said. what he basically said it is it is the middle class who grows this economy, the middle class...
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if they can get it done tonight on the eve of of the fiscal cliff, they can actually say they were able to get it done before we went over the cliff. that they were not so deeply, deeply irresponsible that they actually let us go over the cliff, to hammer a deal out. sometimes the congress likes to make a show of working very hard at the last minute, like a college student, who procrastinated, and then finally got the paper done. this is an embarrassing show of how we legislate in this country, but they are showing that it can be responsible, get this deal done, and go home. >> in what way can you describe the tone that this has taken, primarily this evening, as of yesterday it was this big blame game going on with fingering pointing. and really over the past couple of weeks it has been a roller costar. one day, all of this bipartisan spirit, the other day there is not. how do you think this whole thing is ending up as we stand here tonight. >> it is always a good policy in washington to assume that cooperation leads to compromise. oftentimes it is not, oftentimes what leads to compromi
if they can get it done tonight on the eve of of the fiscal cliff, they can actually say they were able to get it done before we went over the cliff. that they were not so deeply, deeply irresponsible that they actually let us go over the cliff, to hammer a deal out. sometimes the congress likes to make a show of working very hard at the last minute, like a college student, who procrastinated, and then finally got the paper done. this is an embarrassing show of how we legislate in this country,...
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they don't deal with a fiscal cliff. tape freeze, and property. a bunch of votes that don't deal with the big issue we're talking about. bottom line, does this go through tonight? >> i don't think so. because they, they are going to have 36 hours. they have until 11:59 on thursday. they like the last minute. if they got this far over the cliff they'll keep going a whiling longer. we should say here the democrats don't love the bill. the house democrats all sign on to this. so if the democrats lose some and republicans are scrounging for their 40 to 50 -- >> bret: that is the key question today. the house minority whip, steny hoyer would not answer the question how will votes will you bring to the table? how will democrats will you bring to the table if it's an up-or-down vote? that is a big question, too. >> if the president is behind it and the democratic controlled senate is behind it, i can't -- maybe a few left wing democrats, but you have the minority leader in the house supporting it. leadership supporting it strongly. i can't see the democr
they don't deal with a fiscal cliff. tape freeze, and property. a bunch of votes that don't deal with the big issue we're talking about. bottom line, does this go through tonight? >> i don't think so. because they, they are going to have 36 hours. they have until 11:59 on thursday. they like the last minute. if they got this far over the cliff they'll keep going a whiling longer. we should say here the democrats don't love the bill. the house democrats all sign on to this. so if the...
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wall street and constituent, if you can't come together and form a deal to get us over the fiscal cliff, then the next debate is the debt ceiling debate. how. >> it is very contentious. the president is right, we shouldn't play that game. up until last year we never did play that game. that is essentially butting a g put /* putting a gun to the head of the economy. we can't hold the nation hostage every time we go through this. i think we do need a longer term deal that agreeses the structural problems. >> congressman, we will let you get back to work. >> sue, tense times for many. down here on floor of the nyse, taking a break to remember some of the traditions here on the floor on new year's eve. let's get over it mary thompson. >> hey, simon, before we do, a quick market update. popping an retreating after the announcement of the statement president obama will make at 1:30. can you vietnam action in the dow industrials. caterpillar and ge suggesting return. the indication moving to session lows today. these are the groups where the enclave right now. now, i will turn it over to jim a
wall street and constituent, if you can't come together and form a deal to get us over the fiscal cliff, then the next debate is the debt ceiling debate. how. >> it is very contentious. the president is right, we shouldn't play that game. up until last year we never did play that game. that is essentially butting a g put /* putting a gun to the head of the economy. we can't hold the nation hostage every time we go through this. i think we do need a longer term deal that agreeses the...
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. >> well, if we go sailing over that fiscal cliff and nothing is done, in the next few weeks you could see a smaller paycheck, depending upon how your withholdings are handled. there are so many things you need to look at as far as your income taxes. the lowest income category could be hit the hardest. that 10% tax bracket goes away all together. so the poor insist of the poor could really take a hit. so it's really time to sit down, look at your situation, start planning, don't panic. and hopefully some sort of deal will be worked out in the final hours. >> heather: plan to have a little less money in your pocketbook. what other factors do we need to consider beyond taxes in our paychecks? >> we've talked a lot about long-term capital gains. that's something you need to be aware of. any sort of gains on dividends is something you'll need to look at in 2013. we've also talked about the alternative minimum tax. you've been hearing about the amt. this is something that came into play in 1969 to make sure that the rich, if you will, played their fair share of taxes. in fact, it's hit the
. >> well, if we go sailing over that fiscal cliff and nothing is done, in the next few weeks you could see a smaller paycheck, depending upon how your withholdings are handled. there are so many things you need to look at as far as your income taxes. the lowest income category could be hit the hardest. that 10% tax bracket goes away all together. so the poor insist of the poor could really take a hit. so it's really time to sit down, look at your situation, start planning, don't panic....
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starbucks brews up a bold campaign to get a deal done on the fiscal cliff. details are coming up next. you can never have too much money and a damn good cup of joe. ♪ . i thought i could ignore i, and i wished it would just go away. [rock music playing] it was my adhd. and like many kids with adhd, i didn't outgrow it. one of the issues i had was not being able to focus. i would read and i would reread the same sentence. you'd re it over and over and over again. and then, five minutes later, i wouldn't know what i just read. it wasn't sticking with me. it wasn't sinking in. and that, to me, was really frustrating. as i got older, i was still having that issue. and that's when i knew i needed to talk to the doctor. announcer: if you were diagnosed with adhd as a kid, you might still have it. find out more. take a quiz at ownyouradhd.com to help recognize the symptoms, like inattention, impulsivity, hyperactivity, then talk with your doctor. i take responsibility for my adhd. it's youadhd. n it. ♪ . adam: not so beautiful if you're caught in a blizzard hit
starbucks brews up a bold campaign to get a deal done on the fiscal cliff. details are coming up next. you can never have too much money and a damn good cup of joe. ♪ . i thought i could ignore i, and i wished it would just go away. [rock music playing] it was my adhd. and like many kids with adhd, i didn't outgrow it. one of the issues i had was not being able to focus. i would read and i would reread the same sentence. you'd re it over and over and over again. and then, five minutes later,...
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cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >>
cliff and what it is going to take to get a deal done. our gop and democratic strategists are standing by to dive into that debate. >> and christmas is over, but the deals are still out there. you'll find out what is expected to drop in price as we head into the new year. >>> this is fox 5 news at 10:00. >>> back to our top story, we are just three days way from reaching the fiscal cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks...
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behind the scenes in the fiscal cliff negotiations and now what it takes to get a deal done. c! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! >>> developing now, we just got an emphatic denial from the white house about that rumored proposal being sent to the hill by president obama to senate republicans to avert the fiscal cliff. and nbc's white house correspondent peter alexander joins me now. republicans saying, oh, the president is having a deal. the president is saying no. harry reid is saying no. what do we know? >> i guess we know very little. we know this isn't going to be litigated in the mead ra. but the white house wants to make it
behind the scenes in the fiscal cliff negotiations and now what it takes to get a deal done. c! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the...
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the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next, no movement on capitol hill, and there was speculation the white house would send a proposal to capitol hill and that has been denied by an aide to the senate majority leader, harry reid taking to the senate floor saying he thinks it looks like we are headed over the fiscal cliff and he hang that on the house. >> if we go over the cliff and it looks like that is where we are headed the house of representatives, with four days left after the first of the year, are not here with the speaker having told them give them 48 hours notice. i can imagine their conscience
the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next,...
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year after year, this has been fixed by lawmakers and like everything else notice fiscal cliff, it can be done retroactively. the harshest effects of spending cuts could be modified in the first month or two of 2013. in fact, the defense department, the irs and other government agencies are planning no immediate changes because they're anticipating some kind of deal. that leaves the unemployed, extended unemployment insurance will expire immediately if we go over the cliff. a deal later in january could theoretically restore extended benefits, the immediate damage will have already been done. for many people, this is all an interesting charade. but for the unemployed it's the real deal. get your cell phones out, i want to know what you think. tonight's question, who will the public blame if we go over the fiscal cliff? text a for democrats, text b for republicans to 622329. i'll bring you the results later in the show. >>> joining me now is congressman elijah cummings of maryland. welcome to the show. >> it's good to be with you. >> what do you make of the latest posturing. the house w
year after year, this has been fixed by lawmakers and like everything else notice fiscal cliff, it can be done retroactively. the harshest effects of spending cuts could be modified in the first month or two of 2013. in fact, the defense department, the irs and other government agencies are planning no immediate changes because they're anticipating some kind of deal. that leaves the unemployed, extended unemployment insurance will expire immediately if we go over the cliff. a deal later in...
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edge the chances of a fiscal cliff deal begin to doom. what will it mean for you? >> the administration essentially enacting legislation on its own through you regulation. a lot of them i think are illegal and unconstitutional. >> barack obama ramping up plans for a second term despite harsh criticism from opponents. what can we expect in the next four years? >> from the moment we met ben outside of st. peter's, russia, we fell in love. >> and tensions escalate between the u.s. and russia after putin tells americans he won't let them adopt russian children. could this be the start of a new cold war? caution, you are about to enter the no spin zone and "the factor" begins right now. ♪ >> laura: thanks for watching us tonight. late yesterday, supreme court justice sonia sotomayor denied an appeal to temporarily delay the obama care contraception mandate. it requires workers health benefit plans to cover the morning after pill and other emergency contraceptions. in september is, hobby lobby a chain of more than 500 arts and crafts stores a
edge the chances of a fiscal cliff deal begin to doom. what will it mean for you? >> the administration essentially enacting legislation on its own through you regulation. a lot of them i think are illegal and unconstitutional. >> barack obama ramping up plans for a second term despite harsh criticism from opponents. what can we expect in the next four years? >> from the moment we met ben outside of st. peter's, russia, we fell in love. >> and tensions escalate between...
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. >>> some washington lawmakers sound gloomy about the chances for a compromise deal on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun dealer told our affiliate that an assault style weapon ran around $900. this week anywhere from 1500 to $2500 many in just a few minutes my conversation with a gun shop owner, several former police officers and a school safety expert who says the current call for bringing guns into schools for safety is in his words, borderline insane.
. >>> some washington lawmakers sound gloomy about the chances for a compromise deal on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady...
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with the house reconvening to help the nation avoid the fiscal cliff, remember that disasters affect every region of this nation and that we as a nation stand together in times of crisis. house g.o.p. speaker john boehner has signaled he supports sandy aid. but his spokesman says that the speaker has not decided whether or not to bring up this bill in this session of congress, which ends on thursday. if they don't take it up by thursday, the senate bill will expire and the new congress will have to start all over again. >> eric: all right. thanks. >> coming up, russia has banned adoptions by u.s. families. coming up, we will speak with a couple in the process of adopting this little boy, about their ordeal and how right now, they can't bring him home and give him the life that they say he deserves. >> eric: we will give smuadvice about how young people can start now for planning for their retirement. that's right, without breaking the bank. advice on building, not breaking your nest egg, as you get older. >> we are just 48 hours away from new year's eve. why is all that confetti fall
with the house reconvening to help the nation avoid the fiscal cliff, remember that disasters affect every region of this nation and that we as a nation stand together in times of crisis. house g.o.p. speaker john boehner has signaled he supports sandy aid. but his spokesman says that the speaker has not decided whether or not to bring up this bill in this session of congress, which ends on thursday. if they don't take it up by thursday, the senate bill will expire and the new congress will...
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part of the fiscal cliff is that congress has not done the doc-fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are talking about payments to medicare providers fallen by 27% if nothing is done in the fiscal cliff action going on. --, while i have you, i want your thoughts -- how much of that sentiment are you seeing out there? guest: a see a lot of it. as a grass-roots organization, we hear from people all across the country. we talk about reducing deficits and having a responsible budget for 20 years. this is actually, it will you go over the cliff and nothing changes, the largest single day of the deficit reduction in world history. it is $600 billion in deficit reduction trust by the turn in the calendar. over the long
part of the fiscal cliff is that congress has not done the doc-fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are...